I started this blog entry last Friday, and am actually pleasantly happy that things have gone further down. This all has to do with things that I have been talking about in previous blog entries.
Is it a time to buy? Undertrader says now could be a good time to buy.
The other important thing is to have PLENTY of cash for the first week in January to buy the stocks that drop due to people taking their profits this way. I would say 60% of my stock purchases for the last 5 years have taken place in the first week of January taking advantage of the profit sell-offs. Be ready for that!
Interesting thought, but one has to wonder, is it a time to buy? According to the blow horn Larry Kudlow it is time to buy, at least that is what he was saying last Friday.
